ADORE latest update
We are very excited to announce that XFA token is now listed in Buyucoin exchange of India.
This is the moment adore community was waiting for. Now users can buy and sell XFA token in buyucoin in indian rupees also. This is a great achievement done by adore team.
We are always looking to make technology more better and faster. Currently XFA token is based on ethereum blockchain. Currently there is an issue of GAS fee in ethereum network and due to this our technical team has decided to shift from ethereum blockchain to Binance Chain.
Binance chain has emerged as a new solution for the blockchain industry in terms of transaction speed, smart contract development and transaction cost.
Binance Smart Chain is live on mainnet, activating the parallel blockchain to Binance Chain that will enable the creation of smart contracts and the staking mechanism for BNB. Any interested individuals and/or organizations can gather BNB stakes to become a validator of this new blockchain.
Five months since it was first unveiled in April 2020, the Binance Chain community has activated the Binance Smart Chain (BSC). Created to run parallel to Binance Chain, BSC enables the creation of smart contracts for tokens on the Binance-branded blockchain. It also introduces an all-new staking mechanism for BNB, one of the world’s top cryptocurrencies.
The launch of BSC, an Ethereum Virtual Machine-compatible blockchain that is ready to be tested and piloted by some of the top projects in the crypto industry, is expected to greatly increase the utility of both Binance Chain and BNB. With the introduction of the Proof of Staked Authority (PoSA) consensus mechanism, BSC creates an ecosystem where validators, token holders, developers, and users all benefit from a rewarding blockchain that offers high performance and ample space for further innovations.
The Binance Chain community launched BSC in time for the DeFi (decentralized finance) revolution, as the public shows increased interest in alternative financial solutions powered by blockchain. With BSC’s launch, DeFi projects and the bigger blockchain community can leverage the best that Binance Chain has to offer, fortified by smart contract support, cross-chain interoperability, and more advantages that BSC brings. So the Binance Chain and Smart Chain community welcome all the dApp developers and projects to try on this new arena.
What’s In It For Users
To blockchain users, you are welcome to a new decentralized machine with many valuable assets brought in by Binance Chain and Binance.com.
Some of the benefits of Binance Smart Chain include:
- A rich and growing digital asset ecosystem powered by Binance DEX, the leading decentralized exchange
- Cheap transaction fees that reach as low as 1 cent
- High performance with a network capable of producing a block every 3 seconds
- Cross-chain DeFi mechanisms that increase DeFi interoperability
- A supportive Binance ecosystem that funds and bootstraps many DeFi projects
- A growing ecosystem of millions of users across Binance.com and Binance DEX
- A network of major crypto projects already collaborating with BSC
Binance Smart Chain communities are wrapping up to release many handy tools this month, for functions such as token issuance and transfer, BNB staking, and dApp creation and usage.
Using all of these features of Binance chain, XFA token will be more powerful and user friendly asset.
XFA token shifting from ethereum blockchain to Binance chain will be done till March 15th 2021.
Very soon, staking will be started for users to stake XFA for earning staking reward.
Stay tuned for more updates. Let’s rock the world with ADORE.
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